Taxes - October 2007

h&r block tax services handed out early anticipation loans in nov.2006 and was to be repaid by end of feb2007

2007-10-30 03:01:36 · 4 answers · asked by kimberly p 1 in United States

2007-10-30 02:46:32 · 4 answers · asked by Anonymous in Australia

Car is registered in that other state. No taxes paid in the other state on items won as prizes in contests.

2007-10-30 02:17:37 · 3 answers · asked by RJSquirrel 1 in Other - Taxes

Recently married, what kind of paper work do I need to fill out for tax purposes? Any tips about filing jointly? HR person at work was not much help, any advice would be appreciated!

2007-10-30 00:42:04 · 3 answers · asked by just_another_spaz 1 in United States

...when filing income for tax purposes.

2007-10-29 19:42:38 · 7 answers · asked by kkrudy1 1 in United States

I earn about $1,197 a month. An estimate would be great!
I'd like to get an idea when the new year comes up. I know I should consult an accountant or CPA but the question is bothering me right now and since it's late, no CPA would have their office open right now! I will consult with a CPA but I'd like to know out of curiosity right now. Thanks for your help!

2007-10-29 19:25:12 · 3 answers · asked by I'dlike2know 2 in United States

How to determine 2006 Taxable Income amount from CSA 1099R?
Keep in mine a portion of the Gross Annuity Amount on the 1099R was use to pay back Federal Workers’ Compensation because that person is now receiving OPM (Office of Personnel Management) Federal Disability Pension.

2007-10-29 18:36:42 · 1 answers · asked by Nana 1 in United States

It is nearing the tax season and I have to prepare information for my tax guy. What kind of info may he need to get me some good tax breaks??

2007-10-29 18:06:57 · 3 answers · asked by dwaindaddy 2 in United States

ANSWER AS SOON AS POSSIBLE PLEEEEEEEZ

2007-10-29 17:13:16 · 6 answers · asked by ~**3N 7UBAK MA R7 AT5ELAA**~ * 1 in United States

I'm aware that allowable is max. $10,000. What if $10,000 be bankwired several times at different times, the amounts are accumulated totalling a big amount into that certain savings account.Would that be subject for taxation when filing for IRS during the end of the year?

2007-10-29 16:47:28 · 5 answers · asked by L D 1 in United States

During the leonard, a single taxpayer, had an AGI of 40,000 before considering the following items

loss from damage to rental property (6,000)
loss from theft of bonds (3,000)
personal casualty gain 5,000
personal casualty loss (after 100 floor) (9,000)

determine the amount of leonards itemized deductions including the losses

a 0
b 3600
c 8100
d 8600
e none of the above


anyone ???????????????????????????????? please

2007-10-29 15:49:16 · 2 answers · asked by Mimi 1 in Other - Taxes

So it rewards more for work and investment (less personal and corporate income taxes),but punishes idle assets like idle investments and luxurious consumption? Because income taxes,especially for lower income people,happen to be bad for the economy,so people won't have as much as they would to spend on everyday things.

2007-10-29 15:13:57 · 5 answers · asked by Anonymous in United States

Wouldn't the burden of taxes be less for that person than another person who lived in a state with an income tax structure,even the state without an income tax would have a more regressive tax structure?

2007-10-29 14:58:44 · 1 answers · asked by Anonymous in United States

will social security be around to cover everyone it took money from when they get old? if not, what could be done to get the money back that you paid in?

2007-10-29 14:43:18 · 3 answers · asked by Anonymous in United States

Would that annual income (from non-earned income) nonetheless be used in figuring the amount of Social Security and Medicare I'd get after I retire?

2007-10-29 14:21:45 · 7 answers · asked by The Invisible Man 6 in United States

What's the best way to get the least tax hit on this money? I'm administrator of his estate. And the only next of kin.

2007-10-29 14:12:48 · 4 answers · asked by Anonymous in United States

2007-10-29 14:02:08 · 7 answers · asked by Anonymous in United States

I live in Michagin and i work pipeline.Iv worked in 5 states and am on the payroll through out the us. What State would i file my claim.I'v read that I can claim any if its more then 2.

2007-10-29 14:01:27 · 5 answers · asked by Mike D 1 in United States

My question is, let's say I put 50k in a stock, and it doubles the next day and I sell. So now I have 100k, but I owe takes on 50k. Let's suppose this was done in January of 2007. Can I wait until April 15 of 2008 to pay the taxes, or do I have to make estimated quarterly taxes in April of 2007? I have never heard of this estimated taxes nonesense. When does it apply?

2007-10-29 13:57:34 · 4 answers · asked by Scorpio 1 in United States

Do you spend most of your time looking for loopholes and finding out ways for people and organizations to avoid paying taxes?

When you do, do you feel as if you are doing something morally wrong?

Many taxes are used for social servies to help people who are less well-off. Does the work of a tax accountant somehow work against these social services (because of the focus on finding ways for people to pay less tax)?

2007-10-29 13:56:09 · 6 answers · asked by winback 1 in Canada

Do you spend most of your time looking for loopholes and finding out ways for people and organizations to avoid paying taxes?

When you do, do you feel as if you are doing something morally wrong?

Many taxes are used for social servies to help people who are less well-off. Does the work of a tax accountant somehow work against these social services (because of the focus on finding ways for people to pay less tax)?

2007-10-29 13:55:28 · 3 answers · asked by winback 1 in United States

Let's say I put 50k in a stock and it doubles and I sell it. Now I have 100k, but I owe taxes on 50k. Let's say I sold the position at the beginning of the calendar year. Can I wait until April of the following year to pay the taxes?

2007-10-29 13:42:51 · 11 answers · asked by Scorpio 1 in United States

It was not a public stock. It was a friend and we helped her and her husband start a business. We gave them 1000 for 1000 shares of common stock in their private company. They tried hard and for a while they were doing well, but the market changed and they lost everything.

No biggie, it was money we expected to lose but would have been happy if it made out. (Like any other gamble.)

I know we take a capital gains loss on Schedule D. But are they supposed to give us any particular tax form or something to show that the stock we paid for went to $0?

(We have copies of their corporate tax forms for the prior years, and this year they will fill out the final tax form showing the total loss. But I don't imagine we're supposed to send their tax form in with ours.)

They were a regular C corp, not a sub-S or anything.

2007-10-29 13:34:45 · 4 answers · asked by Anonymous in United States

What is the Labor laws concerning garnisment of wages.

2007-10-29 13:31:17 · 4 answers · asked by Kay H 1 in United States

2007-10-29 13:31:02 · 2 answers · asked by Anonymous in United States

2007-10-29 13:26:30 · 10 answers · asked by lupe5 1 in United States

Can I claim my mom who has a fixed income,ssi and a brother whom is not working in the past year.

I live with and pay more then half of support?

2007-10-29 13:19:57 · 8 answers · asked by Butterflied 3 in United States

I just read that this year most mutual funds will be having very large distributions. If my mutual funds are all in my IRA how will this effect me?

2007-10-29 13:19:33 · 6 answers · asked by prozac452 2 in United States

i was about to sign up for a survey site when the terms read that anyone paid over $600 is required to have an IRS form sent to them. even though i'm not with reading documents and stuff, i don't want to get stuck with tax issues. also, i saw on oprah how many people were tricked by false contests and sweepstakes so i'm just wondering.

2007-10-29 12:42:56 · 2 answers · asked by sou 2 in United States

From my 10/26/07 paystub it has two different amounts.

2007-10-29 12:36:20 · 2 answers · asked by corsby 1212 1 in Other - Taxes